The UK Politics and EU Referendum thread - merged

[Jon MW]

The sober reality of Brexit once again showing it’s head as Thomas Cook look like going under, with Brexit being a major factor in it. 9,000 jobs going, 150,000 abroad and set to have a major impact on leisure industry.

Perhaps a little karma for some of those abroad who voted to leave, they can now see what their vote is doing.

This is a truly disgusting post.

Ruining families holidays is okay because its a  'little karma'

Brexit is really a tiny factor in this situation so I don't think anyone deserves to be stranded abroad or have to explain to their kids why they arent going on holiday whether they voted leave or remain.

Shame on you.

Here are some people who wanted TC to fail so that they made money.  That is disgusting.


https://www.bloomberg.com/news/articles/2019-09-23/thomas-cook-collapse-sets-up-250-million-hedge-fund-windfall?srnd=premium-europe

Depends on your interpretation - it could be viewed that those are people who think TC was going to fail anyway, what they 'want' is irrelevant they're predicting what they think is going to happen.

[doubleup]

In general, I think that derivatives should be limited to those with an "insurable interest".  They are simply gambling otherwise and increase risks to the economic system.  In addition in cases like this, where the collapse of a company is going to benefit certain parties (albeit I acknowledge that counterparties obviously suffer) there are incentives for corrupt practices. 

[nirvana]

And these idiots wonder why they can’t win an election?

‘Labour party members have voted to commit the party to integrate private schools into the state sector.

The motion calls for funds and properties held by private schools to be "redistributed democratically and fairly" to other schools’

I was gonna post this because much as I'm a just a working class, comprehensive attending wanna be left wing ish kinda person, t just seems an outlandish policy.

They also have a part which says that before then universities will only be able to admit the same proportion of private school pupils as the proportion of private school pupils there are all together.

While this would make an interesting redistribution of highly educated pupils into some of the worse universities it seems to have a bit of a flaw.

The proportion of private school pupils is about 7% but the proportion of university applicants from private schools is much higher (double maybe?). In other words if they put this policy in it would result in straight A pupils not being allowed to join any UK university because the university wouldn't be full but wouldn't be allowed to admit any more private school pupils.

It would be nice if education policy (from all sides) concentrated more on improving education rather than any other factor.

Totally agree with the last point. Just make the state sector great.

[TightEnd]

At the weekend I saw a TV advert from the government about getting ready for Brexit on 31/10, about things you'd only have to do if UK leaves on that date with no deal.

The first public information broadcast predicated on the Government breaking the law, I think

[DaveShoelace]

As much as the Labour school idea is idiotic beyond belief, it would be fun to watch a bunch of posh kids having to integrate into a state school

[TightEnd]

Supreme Court decision 10am tomorrow. Very tough one to call indeed after watching parts of it

6-5 either way that it is justiciable, maybe and no idea what remedies if Miller wins

[DungBeetle]

The sober reality of Brexit once again showing it’s head as Thomas Cook look like going under, with Brexit being a major factor in it. 9,000 jobs going, 150,000 abroad and set to have a major impact on leisure industry.

Perhaps a little karma for some of those abroad who voted to leave, they can now see what their vote is doing.

This is a truly disgusting post.

Ruining families holidays is okay because its a  'little karma'

Brexit is really a tiny factor in this situation so I don't think anyone deserves to be stranded abroad or have to explain to their kids why they arent going on holiday whether they voted leave or remain.

Shame on you.

Here are some people who wanted TC to fail so that they made money.  That is disgusting.


https://www.bloomberg.com/news/articles/2019-09-23/thomas-cook-collapse-sets-up-250-million-hedge-fund-windfall?srnd=premium-europe

Hedge Fund takes position in vanilla credit default swap.  Bloke on internet outraged.

[DungBeetle]

In general, I think that derivatives should be limited to those with an "insurable interest".  They are simply gambling otherwise and increase risks to the economic system.  In addition in cases like this, where the collapse of a company is going to benefit certain parties (albeit I acknowledge that counterparties obviously suffer) there are incentives for corrupt practices. 

That would be fraud.

[Woodsey]

Jeez these guys know how to run an economy.....

‘Labour promises 32 hour week with no cut in pay’  

[nirvana]

Was thinking, Labour's policy on a second ref would be much more coherent if the promise was to bring back May's deal with no changes (it took 2 years and any Labour version would be so soft as to not be a genuine choice imo) versus remain. They would get out of the nonsensical idea of negotiate then campaign against and present a fairly fair choice to the electorate some years on. I might apply for Fisher's role when he goes

[TightEnd]

A labour MP writes to the polhome editor, its not attributed, after today's vote shambles at conference

[nirvana]

Catching up on some of the Lab conference. Obviously loads of nonsense tends to detract from the decent stuff on social care for over 65s and a few other directional things.

One thing though, compared with the slick professionalism of the Blair (or even Kinnock) era, an audience that keeps breaking into childish chants ('Oh Jeremy Corbyn') just looks utterly ridiculous.

Hilarious that they didn't go to a card vote, just for appearances sake, on the remain motion.

Pretty ridic that constant protestations of democracy only go so far as party democracy. 'We will democratically decide to remove your democratic right to spend your money how you choose'.

How are they ever going to win ? No chance I'm afraid

Edit: wrote this before I saw the post above - think I might become a journo/commentator too, as well as take over from Fisher

[nirvana]

The sober reality of Brexit once again showing it’s head as Thomas Cook look like going under, with Brexit being a major factor in it. 9,000 jobs going, 150,000 abroad and set to have a major impact on leisure industry.

Perhaps a little karma for some of those abroad who voted to leave, they can now see what their vote is doing.

This is a truly disgusting post.

Ruining families holidays is okay because its a  'little karma'

Brexit is really a tiny factor in this situation so I don't think anyone deserves to be stranded abroad or have to explain to their kids why they arent going on holiday whether they voted leave or remain.

Shame on you.

Here are some people who wanted TC to fail so that they made money.  That is disgusting.


https://www.bloomberg.com/news/articles/2019-09-23/thomas-cook-collapse-sets-up-250-million-hedge-fund-windfall?srnd=premium-europe

Hedge Fund takes position in vanilla credit default swap.  Bloke on internet outraged.

Made me chortle

[doubleup]

In general, I think that derivatives should be limited to those with an "insurable interest".  They are simply gambling otherwise and increase risks to the economic system.  In addition in cases like this, where the collapse of a company is going to benefit certain parties (albeit I acknowledge that counterparties obviously suffer) there are incentives for corrupt practices. 

That would be fraud.

Really? fraud? 

Well blow me down!

You seem a bright chap.  Has there ever been a case of fraud in the city?

[arbboy]

It's hard to believe some of the stuff Labour are doing is actually serious and not a wind up.